eRin Device

Dhaka Bank PLC.

About this app

eRin Device is a financing solution for salaried professionals. Apply for device financing up to Tk. 50,000 with repayment periods of 3 to 6 months.

Eligibility:

Salaried professionals only
Age 18+

Key Features:

Range of device financing up to Tk 50000 .
3–6 month repayment periods
Application and processing are completed digitally.
Applications are submitted through the mobile app.

How to Apply:

Install and log in via eRin Device
Provide your Dhaka Bank account
Complete OTP, NID, and liveliness verification
Submit basic details and KYC documents
Receive loan approval.

Required Documents:
Selfie
NID card
Address proof (utility bill)
Last 6 months bank statements
Employment Documents(Office ID , Payslip ,Visiting Card)

Loan Specifications :

Maximum Annual Percentage Rate (APR): 9.15%
Repayment Tenure:
Minimum: 3 months
Maximum: 6 months
Processing Fee (e-Rin): 0.5% of loan amount for both 3- and 6-month tenures


Sample Loan Calculation (6 Months) :

Loan Amount (In-Hand): Tk. 10,000
Interest Rate: 9% p.a.
Loan Duration: 6 months
Interest Calculation:
Total interest = Tk. 10,000 × 9% × (6/12) = Tk. 450
Processing & Other Fees:
Processing Fee (PF) = Tk. 50
VAT on PF = Tk. 7.50
CIB Charges = Tk. 100
VAT on CIB = Tk. 15
Total Fees = Tk. 172.50
Total Repayable Amount:
Loan + Interest = Tk. 10,000 + 450 = Tk. 10,450
Total Repayable (including fees) = Tk. 10,450 + 172.50 = Tk. 10,622.50
Monthly EMI:
Tk. 10,622.50 ÷ 6 ≈ Tk. 1,770 per month

Maximum APR Calculation (3 Months) :

Loan Amount: Tk. 10,000
Interest Rate: 9% p.a. = 2.25% for 3 months
Interest Amount: Tk. 10,000 × 2.25% = Tk. 225
Processing & Other Charges:
Processing Fee = 0.5% × 10,000 = Tk. 50
VAT on PF = 15% of 50 = Tk. 7.50
CIB Charges + VAT = Tk. 100 + 15 = Tk. 115
Total Charges = Tk. 172.50
APR Calculation:
Annualized charges = 1.725% × 4 = 6.9%
Add interest (2.25%) → Maximum APR = 9.15%
Note: Increasing the loan amount reduces the APR.


Data Security via Secure Loan Application
All transactions use 128-bit SSL encryption and are transferred over secure connections.

Contact Us:
16474 | [e-mail]